Fidelity is the best choice if you’re shopping on your own for a health savings account (HSA) because it has no fees or minimum balance requirements, offers a vast array of investment choices, and has a stellar interest rate on deposits. When selecting the best HSAs, we evaluated companies’ interest rates, minimum deposit requirements, investment options, managed account features, fees, customer tools, and customer service offerings. We used that information to narrow the list of HSA providers to a few clear winners, such as Lively, which we found to be an excellent runner-up, and HealthEquity, which we determined to be the best for investment help. Best Health Savings Account (HSAs) Providers of 2026 Best Overall, Best for Low Fees, Best for Investment Choices, Best for No Minimum Balance Requirement, Best Spending Account: Fidelity Runner Up: Lively Best for Investment Help: HealthEquity Best Overall, Best for Low Fees, Best for Investment Choices, Best for No Minimum Balance Requirement, Best Spending Account:Fidelity Account Management Fee: None, in most cases Rollover Fee: None Minimum to Invest: $0 Why We Chose It Best Overall We named Fidelity the best overall health savings account provider because it excels at almost every feature that’s important for individuals who possess an HSA. Best for Low Fees Fidelity doesn’t charge many of the fees other HSA providers charge, including those for monthly maintenance, account rollovers, excess contribution returns, card replacements, or paper statements. The only fees you might pay are: Underlying management fees for the funds you choose Fees associated with options Fees your employer passes on to you Fees for a Fidelity Go HSA, a managed account Fidelity Go HSA charges a fee (0.35%) once your HSA account balance reaches $25,000 or more.1 Best for Investment Options You have more investment options with a Fidelity HSA than with any other provider, Investopedia found. Choices include a wide range of stocks (including fractional shares), bonds, mutual funds, and exchange-traded funds (ETFs). Fidelity also has index funds with no expense ratio. In total, there is an extensive array of financial instruments to choose from. Fidelity offers several funds specifically designed for an HSA. Account holders can consider fixed income, U.S., international, inflation protection, and target funds to drive the performance of their HSA.2 Best for No Minimum Balance Required Most HSAs require you to have a minimum amount of money in your account before you can start investing. It’s typically $500 or $1,000, but can go as high as $2,000. You can only invest amounts above that minimum; the rest of it just sits in your account. Some providers, such as Lively, waive balance requirements if you pay a fee. Fidelity requires no minimum balance to start investing, and there’s no fee for the self-directed HSA. That means you can start investing as soon as you have any money in your account. If you want Fidelity to manage your HSA funds, a minimum deposit of just $10 is required for the Fidelity Go HSA.3 Best Spending Account If there is uninvested money in your HSA account, you will usually earn some kind of interest on it. Fidelity offers a significantly higher interest rate of 3.82% compared to its HSA competitors. While it’s not competitive with top high-yield savings accounts, it allows your cash to earn more than you could with any other HSA account provider or any standard savings account. In addition to its high interest rates, Fidelity’s HSA offers other benefits, making it an excellent spending account. You’ll get an HSA debit card, which is standard for most HSAs. You can also pay medical bills directly with Fidelity Bill Pay or reimburse yourself for expenses you’ve covered.4 Pros & Cons Pros No ongoing account fees Huge range of investment options No minimum balance to invest Best spending account interest rate Investopedia found Very accessible customer service Cons Can take up to three days to receive withdrawals of invested funds Overview Runner Up: Lively Annual Account Management Fee: $24 (waived if clicking through our link) Rollover Fee: $0 Minimum to Invest: $0 Why We Chose It Lively is a good alternative to Fidelity if you prefer to work with an HSA specialist rather than a large brokerage. It’s a self-guided Schwab Health Savings Brokerage Account, which provides a wide selection of investments to choose from. The account requires no minimum balance to invest, provided you pay a $24 annual fee (waived if you click through our link on this page). However, to skip the fee, you’ll need to have at least $3,000 in your account. The Schwab account has a large range of investment options. They include mutual funds, stocks, bonds, and exchange-traded funds (ETFs). There’s also a managed account with a 0.50% fee.7 Pros & Cons Pros No minimum balance to invest No fees for rollovers or excess contribution returns Large variety of investment options Able to scan your bank accounts for HSA-eligible expenses Cons $24 annual fee for self-guided investment account High annual fee for robo-advisor account Lowest interest rate of all companies Techmoneyz researched No ATM withdrawals or checks Can take up to four days to receive reimbursement through direct deposit Overview Best for Investment Help: HealthEquity Annual Account Management Fee: None Rollover Fee: $25 Minimum to Invest: $500 Why We Chose It HealthEquity is the best provider if you want a choice of advisory services to help you invest your HSA funds. The company offers three investment options. One is a self-directed account, and the other two offer more account features and guidance. The AutoPilot option is a full-service robo-advisor that may be a fit if you want a hands-off approach to investing. Based on the information you supply about your risk profile and goals, it will automatically build and rebalance your portfolio. If you prefer a hybrid approach, you can choose the GPS option. Like AutoPilot, GPS suggests investments based on your answers to a few questions. However, it’s up to you whether to choose those investments and how to handle your account in the future. All three investing options come with a 0.03% investment administration fee, up to $10 a month. AutoPilot and GPS also charge monthly investment advisory fees of 0.05%, with a $15 monthly max.9 Pros & Cons Pros Multiple robo-advisor options No monthly administration fee Access to low-cost Vanguard funds Relatively high interest rate for spending account Cons Investment administration fees of up to $10 a month $25 account rollover fee and $20 excess contribution refund fee $500 minimum balance to invest Relatively few investments to choose from (31 funds) No ATM withdrawals or checks Common HSA Terms to Understand Health savings account (HSA): A tax-advantaged savings account that lets you set aside pre-tax money to pay for qualified medical costs like doctor visits, prescriptions, dental care, and more. You must have an HSA-eligible high-deductible health plan to open one. High-deductible health plan (HDHP): A type of health insurance with lower monthly premiums but higher deductibles. You generally need an HDHP to qualify for an HSA. Pre-tax contribution: Money you put into your HSA before income taxes are taken out, which can lower your taxable income for the year. Qualified medical expenses: Health-related costs—such as co-payments, co-insurance, vision care, and certain dental work—that the IRS allows you to pay for with HSA funds without taxes. Triple tax advantage: A popular way to describe HSAs since contributions are pre-tax (or tax-deductible), earnings grow tax-free, and withdrawals for qualified medical expenses are also tax-free. Contribution limit: The maximum amount you’re allowed to put into your HSA each year, set by the IRS and adjusted annually. Rollover: The ability to carry unused funds in your HSA from one year to the next without losing them, unlike some other health accounts. Investment options: Many HSA providers let you invest a portion of your HSA cash in stocks, bonds, mutual funds, or ETFs once you meet a minimum balance. Maintenance fees: Regular charges some HSA providers impose, such as monthly account fees or fees for statements or administrative services. Spending account: The part of an HSA you use like a checking account to pay healthcare bills directly, often with a debit card. Investment Features: 50% Spending Account Features: 25% Fees: 17% Customer Service Features: 5% Customer Tools: 3% This is for learning purposes only. Always check it, a good Finance advisor, best health savings account Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook Like this:Like Loading... Related Post navigation 15 Quick Daily Money-Saving Tips Your Ultimate Guide to Travel Insurance in 2026: Why You Can’t Risk Travelling Without It
